The monetary policy committee's quantitative easing programme has pumped billions of pounds into the UK economy and policymakers have been piling pressure on high street banks to get them lending again.

The Bank of England published its quarterly inflation report today, with governor Mervyn King saying it would be "desirable" if banks could fund a stronger recovery.

As this data from the previous report shows, borrowers are being hit harder than ever.

(Although banks appear to be offering savers higher rates, so it is unclear from this data alone whether the charge of profiteering sticks)